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Gastem Applies for Secondary Listing on Oslo Axess

MONTREAL, QUEBEC--(Marketwire - March 26, 2010) - Gastem (TSX VENTURE:GMR) is pleased to announce that it has deposited Listing Application documents with Oslo Børs for a secondary listing of the Company's shares on Oslo Axess. A decision as to the acceptance or non acceptance of the Listing Application will be made known in due course.

"The application for listing on Oslo Axess is an important step in the Company's development," stated Raymond Savoie, President and CEO. "If accepted, the secondary listing opens the door to an important and exciting market and should substantially accelerate the company's growth."

Gastem is an independent oil and gas exploration and development company based in Montreal. The company holds exploration permits and rights to 3,135 km² in the St. Lawrence Lowlands, the Gaspe Peninsula and the Magdalen Islands in Quebec as well as properties in New York State and rights or interests in Appalachia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.